Form 4: MBIA INC: CEO William C. Fallon Reports Stock Transaction
SEC Form 4 Filing
CEO William C. Fallon of MBIA INC reports the disposition of 38,812 shares of common stock to cover tax liabilities upon vesting of restricted stock on March 3, 2024, leaving him with 2,849,873 shares.
Summary
- On March 3, 2024, William C. Fallon, CEO and President of MBIA INC, disposed of 38,812 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock.
- The shares were disposed of at a price of $6.71 per share.
- Following the transaction, Fallon directly owns 2,849,873 shares of MBIA INC common stock, adjusted for retirement plan shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice across all publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of stock transaction: disposition of 38,812 shares for tax liability. |
| 03/04/2024 | Date of signature by Attorney-in-Fact, William J. Rizzo. |
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